CONVENTIONAL MORTGAGE LOAN OPTIONS

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A Division of City Mortgage Brokers, LLC
MB#2158059

CONVENTIONAL MORTGAGE LOAN OPTIONS

Low Cost. Low Rate. Fast Time To Close

Over 150 Seattle home buyers have gotten a lower cost on their home loan, with Seattle’s Mortgage Broker

Competitive Interest Rates

Save money with a shorter term loan

Low down
payment options

Seattle’s Low Payment Conventional Mortgage Lenders

A conventional mortgage is a home buyer loan that is not secured by the federal government. SMB has been providing Seattle affordable quick close conventional mortgages for years.

Seattle Conventional Loan Products

Conventional

The obvious choice for the top-tier buyer! Comprised of some of the best conventional mortgage rates in Seattle, WA and pricing in the industry.

620+ FICO

Primary, second and investment properties

Loans up to: $766,550

Eligible for primary, second and investment properties on purchase, rate/term and cash-out refinances

LTV’s as high as 97% on purchase and rate/term refinances

LTV’s as high as 80% on primary home and 75% on second home and investment cash-out refinances

High Balance available for loan amounts over the county loan limit

First Time Home Buyer can do as low as 3%, purchase price would be: $747,986

Conventional Elite

SMB’s Elite program allows you to close quickly, with less effort.

Loan amounts from $125,000 up to $766,550

Eligible for primary, second and investment homes

Includes conventional and high balance

Available on single- and multi-wide, condos and PUDs

Close most loans in 15 days or less by triggering the CD at initial underwrite.

The 5% down payment knockout.

Loan amounts starting at $766,550 up to $977,500 (can purchase up to 1m with 5% down)

Close your loan in 14 days or less by triggering the CD at initial underwrite

*also works with the Elite products, fixed and ARMs

Elite High Balance

Elite High Balance offers some of the best conventional high balance rates and pricing for our top-tier clients. You’ll receive industry-leading turn times, direct access to your file in process, and award-winning technology to keep you in the know.

Loan amounts from $766,550 up to county loan limit

LTV’s as high as 95%

620+ FICO

Close most loans in 8 days or less by triggering the CD at initial underwrite

ARMS: 5, 7, and 10 Year

Conventional 5, 7, and 10 year

700+ FICO, up to 80% LTV

$125,000 minimum loan amount

Conventional Elite 5, 7, and 10 year

700+ FICO, up to 95% LTV

Primary, second, investment, purchase, rate/term and cash out refinance

700+ FICO, up to 80% LTV

Primary, second, and investment properties on purchase, rate/term and cash out refinance

Loan amounts from $125,000 up to county loan limit

Conventional High Balance 5, 7, and 10 year

620+ FICO, up to 95% LTV

Primary, second, investment properties on purchase, rate/term refinance and cash out refinance

Loan amounts from $766,550 up to county loan limit*

Other Conventional Loan Products

Elite High Balance ARM

Are you a well qualified buyer looking for an ARM to accomodate higher a higher purchase price? The Elite High Balance 5/1 and 7/1 ARM products are great options.

700 FICO

Up to 95% Loan to Value

Appraisal Waivers Honored

MI Buster

UWM’s exclusive product that eliminates monthly mortgage insurance on loans with a higher LTV.

Conventional 30-year fixed only; Flex Term not available

Available for primary and second home purchases and rate/term refinances

LTV between 80.01 and 89.99%

Up to 45% DTI

680+ FICO

Loan amounts starting at $200,000

MI Buster High Balance available for loan amounts over the county loan limits

Homeone

Qualify more first-time homebuyers with this 3% down payment solution.

Purchases up to 97% LTV

No income restrictions

Available in all geographic locations

Eligible for single family homes, including townhouses and condos

At least one borrower must be a first time homebuyer

LPA only

Close most loans in 19 days or less by triggering the CD at initial underwrite

Available on single- and multi-wide, condos and PUDs for Manufactured Homes with LTV up to 95%

High Balance

Time is of the essence with every purchase. Don’t waste time over-shopping, get the most competitive rate and close your High Balance loan in record time!

Loan amounts from $766,550 up to County Loan Limits*

Elite pricing available to top-tier clients

640+ FICO

Property Inspection Waivers honored

Underwrites to AUS findings

*You can buy a million dollar home with as little as 5% down when purchasing in King, Pierce, or .

Ultimate Advantage Blue

Ultimate Advantage Blue allows a one-time, up-front M.I. premium to eliminate the monthly Private Mortgage Insurance payment, while ensuring the the maximum credit to offset the closing fees. We help strengthen your purchase by giving you the best of both worlds.

Down payment as low as 3%

Use seller contributions to eliminate monthly mortgage insurance

Accommodate a low rate and payment while providing a premium credit to negate closing costs

Now you can qualify for the home of your dreams!

Flex Term

Customize the perfect loan for your family without reseting the mortgage clock! Flex Term provides you with flexible options to select your amortization term.

Available on most conventional products

Limited Review Condos

SMB makes your condo approval quick and easy with our limited review process. Files receiving a limited review response in AUS will only need a minimum evaluation by our investors condo department.

No condo questionnaire required

Terms from 8-30 years available

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